financial crisis panel

Flawed Incentives Were the Rot Behind the Mortgage Crisis

The mortgage-backed securities meltdown whose effects still haunt our economy sprang from a simple cause: The rules of the game gave big incentives to every player involved to ignore the problems and keep collecting their fees. And despite financial reform, those rules haven't changed much.

Bernanke Weighs In on 'Too-Big-to-Fail' Banks

Fed chief Ben Bernanke is the latest high-profile figure to take the hot seat before a financial crisis panel. If the crisis has taught us a single lesson, "it is that the too-big-to-fail problem must be solved," Bernanke testified Thursday.

Fuld: Regulators Had 'Flawed Information' in Lehman Bankruptcy